0612

Account Opening Form - NON-INDIVIDUAL

Regd Office : 41, Rani Jhansi Road, IInd Floor, Jhandewalan, New Delhi-110055

Ph. No. : 011-47133100 (24Lines) Fax : 011-23621754 email: mtfsl@vsnl.com Website: www.mtfsl.com

MAHESHWARI TECHNICAL & FINANCIAL SERVICES LTD.

Trading & Clearing Member - NSE & BSE

Trading Member MCX - SX & USE

Client Code

Client Details

Branch Name

Branch Details

Particulars (at Branch end)

Data Punched by

Checked by

Dispatched by

Branch Prefix

Name Date

Client Name

Copy of Demat Client Master or recent Holding Statement(for capital market segment)

Bank Statement / Electricity / Telephone(Landline) Bill - Not older than 3 months

Proof of address of Karta

Account Opening Requirements - HUF

All places marked with ( ) to be signed by Karta with HUF Seal • Latest color photograph of Karta signed across the photograph • Copy of PAN Card of HUF and Karta • Proof of address of Karta • Bank proof of HUF: Copy of a cancelled cheque leaf with client name, account number and bank address printed on it. If any of these details is not printed on cheque, then provide a latest bank statement with Client name, address, account number and bank address printed

• Copy of Financial Details, if opted for trading in derivatives segment • Copy of Demat Client Master or recent Holding Statement(for capitalmarket segment) • HUF stamp should be affixed wherever client signatures are required • HUF declaration duly stamped, filled and signed

TRADING ACCOUNT CHECKLIST - (HUF) PROOF ID Address Bank Financial

Pan Card (Mandatory)

Voter ID / Driving License (Valid) - Front & Back

Rent Agreement / Ration Card

Passport (Pages containing name, photo, address, validity)

Annual Report (For last 2 years)

ITR Acknowledgement /Annual Report-For last financial year

Salary Slip/Copy of form 16

Demat Account Holding Statement (Not older than 3 months)

Networth Certificate

Self Declaration with supporting Documents

Bank Account Statement for last 6 months

1312

10 -119

6 - 7

5

Pages

As per

1 - 8

6

5

4

3

1

26598100 -8114, Bombay Stock Exchange Ltd. at Email id: is@bseindia.com Email id: ignse@nse.co.in & Ph.no.(022)- of India Ltd.not satisfied with

7h.

Clearing Mem.: Globe Capital Market Ltd./SEBI Regd. No.INP000002361/CM No. M50302( BSE-F&O/MCX-SX/USE/NSE-CD)

ACCOUNT OPENING KIT

INDEX

S.No. Name of the Document Brief Significance of the Document Page No

MANDATORY DOCUMENTS AS PRESCRIBED BY SEBI & EXCHANGES A. KYC form - Document captures the basic information about the constituent and an instruction/check list.

1 -

1

Acco un t Opening Form

B. Document captures the additional information about the Constituent relevant to trading account and an instruction /check list.

2

Rights and Obligations Document stating the Rights & Obligations of stock Broker /trading

member, sub-broker and client for trading on exchanges (including

additional rights & obligations in case of internet/wireless

technology based trading).

3 Risk

Disclosure

Document

(RDD) Document

detailing

risks

associated

with

dealing

in

the

securities

market.

4

Guidance

note

Document

detailing

do’s

and

don’ts

for

trading

on

exchange,

for

the

education of

the

investors.

5

VOLUNTARY DOCUMENTS

AS

PROVIDED

BY

THE

STOCK

BROKER

7

8

9

Name

of

stock

broker

:

“MAHESHWARI

TECHNICAL

&

FINANCIAL

SERVICES

SEBI

Registration

No.

date:

NSE-(INB-230793938

/

06Oct1995),

(INF-230793938

/

25May2000),

(INE-230793938

/

SEBI

Registration

No.

date:

BSE-(INB-010793934

/

12Jul2010),

(INF-010793934

/

12Jul2010),

SEBI

Registration

No.

date:

MCX-SX-

(INE-260793938

/

05Nov2008),

USE-

INE-270793938

/

08Apr2010)

Registered

office

address:

41,

Rani

Jhansi

Road,

IInd

Floor,

Jhandewalan,

New

Delhi-110055.

Ph:

011-47133100

(24Lines),

Fax:

011-23621754,

Website:

www.mtfsl.com

Correspondence

office

address:

41,

Rani

Jhansi

Road,

IInd

Floor,

Jhandewalan,

New

Delhi-110055.

Ph

:

011-47133100

(24Lines),

Fax

:

011-23621754,

Website

:

www.mtfsl.com

Compliance

officer

name

:

Vijay

Kumar

Batra

, Phone

011-47133100

(24Lines), 23621751,

mtfsl_ig@yahoo.com

CEO

name

:

Vijay

Kumar

Batra

,

Phone

no.011-47133100

(24Lines),

23621751,

Email

id

-

rcm@mtfsl.com

“MAHESHWARI

TECHNICAL

&

FINANCIAL

SERVICES

no. Fax:Email id -

Account

6

at the above address or email id-the response, please contact the concerned

For any grievance/dispute please contact LTD "

mtfsl_ ig@yahoo.comP 011-47133100 (24Lines), 23621 51no. Fax:exchange(s)

at National Stock Exchange

LTD”25Aug2008)

&&

&

, In case

& Ph.No.(022)-22721233-34,MCX_SX at Email id : investorcompaints@mcx-sx.com & Ph.No.(022) 67318933/9000& Use at Email id : investorcomplaints@useindia.com & Ph No.(022) 42444904/42444932.

Annexure -

Annexure - 2

Annexure -

Annexure -

Annexure -

Annexure -

seprate

Acknowledgement from Client AcknowledgementLetter of Authority LetterDisclosure to Client Disclosure

10 Declaration By Karta Declaration By Karta & All Coparceners

Policies and Procedures

Tariff sheet

Document describing significant policies and procedures of thestock broker .Document detailing the rate/amount of brokerage and other chargeslevied on the client for trading on the stock exchange(s) .

8

9

Fax:011-23621754 Email: kyc@mtfsl.com

Delhi-110055 Ph : 011-47133100(24 Lines)

Annexure – PART I - KNOW YOUR CLIENT (KYC) APPLICATION FORM (For Non-Individuals)

Maheshwari Technical & Financial Services Ltd.

41, Rani Jhansi Road, IInd Floor, Jhandewalan, New

Please fill this form in ENGLISH and in BLOCK LETTERS

A. IDENTITY DETAILS

1

Name of the Applicant

2

Date of incorporation

D

D

M

M

Y

Y

Y

Y

Place of incorporation

3

Date of commencement of business

D

D

M

M

Y

Y

Y

Y

4

a) PAN

b) Registration No. (e.g. CIN)

5 Status (please tick any one):

Priva Limited Co. Ban Part rship

Public Ltd. Co. Government Body FI Body

Corporate Non Government Organization FII Trust Defe se Establishment HUF Charities Society AOP NGO s LLP BOI Othe (please specify)

B. ADDRES

1

Correspond

2

Specify the

3

Contact De

4

Registered different fro

5

Specify the

raph

ffix the sport size

ph and ross it

2

rs

’

S

t

te

DETAILS

ence Address

City/town/village

State

proof of address submitted for correspondence address

ails

Tel. (Off.)

Fax No.

Email ID

Address (if m above):

City/town/village

State

proof of address submitted for registered address

( 1 )

n

k

PIN Code

Country

Tel. (Res.)

Mobile No.

PIN Code

Country

ne

Photog

Please arecent pas

photograsign ac

Designation : Place : Date:

D D M M Y Y Y Y

C. OTHER DETAILS 1

Gross Annual Income Details (please specify): Income Range per annum

Below ` 1 lac ` 10- 25 lac ` 1- 5 lac ` 25 lac- 1 crore ` 5- 10 lac More than ` 1 crore

2

Networth

Amount (`)

As on (date)

(Networth should not be older than 1 year)

3

Name, PAN, residential address and photographs of

Promoters/Partners/Karta/Trustees and whole time directors:

If space is insufficient, enclose these details separately

[Illustrative format enclosed] 4

DIN/UID of Promoters/Partners/Karta and whole time

directors:

5 Please tick, if applicable, for any of your authorized

signatories/Promoters/Partners/Karta/Trustees/whole time directors:

Politically Exposed Person (PEP)

Related to a Politically Exposed Person (PEP)

6

Any other information

D. DECLARATION I/We hereby declare that the details furnished above are true and correct to the best of my/our knowledge and belief and

I/we undertake to inform you of any changes therein, immediately. In case any of the above information is found to be false or unt

rue or misleading or misrepresenting, I am/we are aware that I/we may be held liable for it.

Name & Signature of the Authorised Signatory(ies)

Date D

D

M

M

Y

Y

Y

Y

= = = = = = = = = = = = = = = = = = = = = = = = = = = = = = = = = = = = = = = = = = = = = = = = = = = = = = = = = = = = = = = = = =

FOR OFFICE USE ONLY

(Originals verified) True copies of documents received

(Self-Attested) Self Certified Document copies received

Signature of the Authorised Signatory

Seal/Stamp of the intermediary

Date D

D

M

M

Y

Y

Y

Y

Name of Employee: Sign:

' In - Person'MTFSL, Head/ Branch Office

Applicant's Sign

( 2 )

Details of Promoters/ Partners/ Karta / Trustees and whole time directors forming a part of Know Your Client (KYC) Application Form for Non-Individuals

Sr. No.

Name

Relationship with Applicant (i.e. promoters, whole time directors etc.)

PAN

Residential / Registered Address

DIN/UID

Photograph

1

2

3

4

5

Name & Signature of the Authorised Signatory(ies) Date

D

D

M

M

Y

Y

Y

Y

( 3 )

( 4 )

INSTRUCTIONS/CHECK

LIST FOR

FILLING KYC FORM

A.

IMPORTANT POINTS:

1.

Self attested copy of PAN card is mandatory

for all clients, including Promoters/Partners/Karta/Trustees

and

whole time directors and persons authorized to deal in securities on behalf of company/firm/others.

2.

Copies of all the documents submitted by the applicant

should be self-attested

and accompanied

by originals

for verification. In case the original of any document is not produced for verification,

then the copies should be properly attested by entities authorized

for attesting

the documents,

as per the below mentioned list.

3.

If any proof of identity or address is in a foreign language, then translation into English is required.

4.

Name &

address of the applicant

mentioned on the KYC form,

should match with the documentary proof submitted.

5.

If correspondence & permanent address are different,

then proofs

for both have

to be submitted.

6.

7.

For foreign entities, CIN is optional;

and in the absence of DIN no. for the directors, their passport copy should be given.

Politically Exposed Persons (PEP) are defined as individuals

who are or have been entrusted with prominent public functions in a foreign country, e.g., Heads of States or of Governments, senior politicians, senior Government/judicial/ military officers, senior executives of state owned corporations, important political party officials, etc.

B.

Proof of Identity (POI): -

List of documents admissible as Proof of Identity:

1.

Unique Identification Number (UID) (Aadhaar)/ Passport/ Voter ID card/ Driving license.

2.

PAN card with photograph.

3.

Identity card/ document with applicant’s Photo, issued by any of the following: Central/State Government

and its Departments, Statutory/Regulatory Authorities, Public Sector Undertakings, Scheduled Commercial Banks, Public Financial Institutions, Colleges affiliated to Universities, Professional Bodies

such as ICAI, ICWAI, ICSI, Bar Council etc., to their Members; and Credit cards/Debit cards issued by Banks.

C.

Proof of Address (POA): -

List of documents admissible as Proof of Address:

(*Documents having an expiry date should be valid on the date of submission.)

1.

Passport/ Voters Identity Card/ Ration Card/ Registered Lease

or

Sale Agreement of Residence/ Driving License/ Flat Maintenance bill/ Insurance Copy.

2.

Utility bills like Telephone Bill (only land line), Electricity bill or Gas bill -

Not more than 3 months old.

3.

Bank Account Statement/Passbook --

Not more than 3 months old.

4.

Self-declaration by High Court and Supreme Court judges, giving the new address in respect of their own accounts.

5.

Proof of address issued by any of the following: Bank Managers

of Scheduled Commercial Banks/Scheduled Co-Operative Bank/Multinational Foreign Banks/Gazetted Officer/Notary public/Elected representatives to the Legislative Assembly/Parliament/Documents issued by any Govt.

or Statutory Authority. 6. Identity card/document with address, issued by any of the following: Central/State Government and its

Departments, Statutory/Regulatory Authorities, Public Sector Undertakings, Scheduled Commercial Banks, Public Financial Institutions, Colleges affiliated to Universities and Professional Bodies such as ICAI, ICWAI, ICSI, Bar Council etc., to their Members.

7. The proof of address in the name of the spouse may be accepted.

D. Exemptions/clarifications to PAN

(*Sufficient documentary evidence in support of such claims to be collected.)

1. In case of transactions undertaken on behalf of Central Government and/or State Government and by officials appointed by Courts e.g. Official liquidator, Court receiver etc.

E. List of people authorized to attest the documents:

1. Notary Public, Gazetted Officer, Manager of a Scheduled Commercial/ Co-operative Bank or

Multinational Foreign Banks (Name, Designation & Seal should be affixed on the copy).

( 5 )

F.

In case of Non-Individuals,

additional documents to be obtained from

non-individuals, over & above the POI & POA, as

mentioned below:

Types of entity

Documentary requirements

Corporate

Copy

of the balance sheets

for the last 2 financial years (to be submitted every year).

Copy of latest share holding pattern including list of all those holding control, either directly or indirectly, in the company in terms of SEBI takeover Regulations, duly certified by the company secretary/Whole time director/MD

(to be submitted every year).

Photograph, POI, POA, PAN and DIN numbers of whole time directors/two directors in charge of day to day operations.

Photograph, POI, POA, PAN of individual promoters holding control -

either directly or indirectly.

Copies of the Memorandum and Articles of Association and certificate of incorporation.

Copy of the Board Resolution for investment in securities market.

Authorised signatories list with specimen signatures.

Partnership firm

Copy

of the balance sheets

for the last 2 financial years (to be submitted every year).

Certificate of registration (for registered partnership firms only).

Copy of partnership deed.

Authorised signatories list with specimen signatures.

Photograph, POI, POA, PAN of Partners.

Trust

Copy

of the balance sheets

for the last 2 financial years (to be submitted every year).

Certificate of registration (for registered trust only).

Copy of Trust deed.

List of trustees certified by managing trustees/CA.

Photograph, POI, POA, PAN of Trustees.

HUF

PAN of HUF.

Deed of declaration of HUF/ List of coparceners.

Bank pass-book/bank statement in the name of HUF.

Photograph, POI, POA, PAN of Karta.

Unincorporated

association or a

body of individuals

Proof of Existence/Constitution document.

Resolution of the managing body & Power of Attorney granted to transact business on its behalf.

Authorized signatories list with specimen signatures.

Banks/Institutional

Investors

Copy

of the constitution/registration or annual report/balance sheet for the last 2 financial years.

Authorized signatories list with specimen signatures.

Foreign

Institutional

Investors

(FII)

Copy of SEBI

registration

certificate.

Authorized signatories list with specimen signatures.

Army/ Government

Bodies

Self-certification on letterhead.

Authorized signatories list with specimen signatures.

Registered Society

Copy of Registration Certificate under Societies Registration

Act.

List of Managing Committee members.

Committee resolution for persons authorised to act as authorised signatories with specimen signatures.

True copy of Society Rules and Bye Laws certified by the Chairman/Secretary.

( 6 )

___________________________________

Annexure

–

3

TRADING ACCOUNT RELATED DETAILS

For Individuals

& Non-individuals

A.

BANK ACCOUNT(S) DETAILS

Bank Name

Branch address

Bank account no.

Account Type: Saving/Current/

Others-In case of NRI/NRE/NRO

MICR Number

IFSC code

B.

DEPOSITORY ACCOUNT(S) DETAILS

Depository Participant Name

Depository Name

(NSDL/CDSL)

Beneficiary name

DP ID

Beneficiary ID

(BO ID)

C.

TRADING PREFERENCES

*Please sign in the relevant boxes where you wish to trade. The segment not chosen should be struck off by the client.

Exchanges

Segments

# If, in future, the client wants to trade on any new segment/new exchange, separate authorization/letter should be taken from the client by the stock broker.

D.

PAST ACTIONS

Details of any action/proceedings initiated/pending/ taken by SEBI/ Stock exchange/any other authority against the applicant/constituent or its Partners/promoters/whole time directors/authorized persons in charge of dealing in securities during the last 3 years: ………………………………………………………………………………………………..

E.

DEALINGS THROUGH SUB-BROKERS AND OTHER STOCK BROKERS

If client is dealing through the sub-broker,

provide the following details:

Sub-broker’s Name: …………………………….….

SEBI Registration number: ………………………….….

Registered office address: ……………………..….

Ph: …….… Fax: ……….…. Website: ………………….

Whether dealing with any other stock broker/sub-broker (if case dealing with multiple stock brokers/sub-brokers, provide details of all)

Name of stock broker:……………………………………………Name of Sub-Broker, if any:…………………………..…..

Client Code:

…………………………….Exchange:

…………………………………………….……………….…………..….

Details of disputes/dues pending from/to such stock broker/sub-

broker: ……………………….………………….………

F.

ADDITIONAL DETAILS

Whether you wish to receive physical contract note or Electronic Contract Note (ECN)

(please specify): ……………..

Specify your Email id, if applicable: ……………………………………………………………………………………………..

Whether you wish to avail of the facility of internet trading/ wireless technology (please specify): ………………………

Number of years of Investment/Trading Experience: ………………………………………………………………………….

In case of non-individuals, name, designation, PAN, UID, signature, residential address and photographs of persons authorized to deal in securities on behalf of company/firm/others: …………………………………………………………..

Any other information:

…………………………………………………………………………………………………………….

G. INTRODUCER DETAILS (optional)

Name of the Introducer: ………………………………………………………………………………………………………………..(Surname) (Name) (Middle Name)

Status of the Introducer: Sub-broker/Remisier/Authorized Person/Existing Client/Others, please specify……………………Address and phone no. of the Introducer: ……………………………. Signature of the Introducer: ……………………………

NSE

Currency

Derivatives

MANDATORY

MCX-SX

___________

( 7 )

DECLARATION

1.

I/We

hereby declare that the details furnished above are true and correct to the best of my/our

knowledge and belief and I/we

undertake to inform you of any changes therein,

immediately. In case any of the above information is found to be false or untrue or misleading or misrepresenting, I am/we are aware that I/we may be held liable for it.

2.

I/We

confirm having read/been explained

and understood the contents of the document on policy and procedures

of the stock broker and the tariff sheet.

3.

I/We

further confirm having read and understood the contents of the ‘Rights and Obligations’ document(s)

and ‘Risk Disclosure Document’. I/We do hereby agree to be bound by such provisions as outlined in these documents. I/We

have also been informed that the standard set of documents has been displayed for Information on stock broker’s designated website, if any.

Place

-----------------------

Date ------------------------

Signature of Client/ (all) Authorized Signatory (ies)

FOR OFFICE USE ONLY

UCC Code allotted to the Client: --------------------

Documents verified with Originals

Client Interviewed By In-Person Verification done by

Name of the Employee

Employee Code

Designation of the employee

Date

Signature

I / We undertake that we have made the client aware of ‘Policy and Procedures’, tariff sheet and all the non-mandatory documents. I/We have also made the client aware of ‘Rights and Obligations’ document (s), RDD and Guidance Note. I/We have given/sent him a copy of all the KYC documents. I/We undertake that any change in the ‘Policy and Procedures’, tariff sheet and all the non-mandatory documents would be duly intimated to the clients. I/We also undertake that any change in the ‘Rights and Obligations’ and RDD would be made available on my/our website, if any,for the information of the clients.

………………………………………..Signature of the Authorised Signatory

Date …………………. Seal/Stamp of the stock broker

_______________________________________________________________________________________________

INSTRUCTIONS/ CHECK LIST

1. Additional documents in case of trading in derivatives segments - illustrative list:

Copy of ITR Acknowledgement Copy of Annual Accounts

In case of salary income - Salary Slip, Copy of Form 16 Net worth certificate

Copy of demat account holding statement. Bank account statement for last 6 months

Any other relevant documents substantiating ownership of assets.

Self declaration with relevant supporting documents.

*In respect of other clients, documents as per risk management policy of the stock broker need to be provided by the client from time to time.

2. Copy of cancelled cheque leaf/ pass book/bank statement specifying name of the constituent, MICR Code or/and IFSC Code of the bank should be submitted.

3. Demat master or recent holding statement issued by DP bearing name of the client.

4. For non-individuals:a. Form need to be initialized by all the authorized signatories.b. Copy of Board Resolution or declaration (on the letterhead) naming the persons authorized to deal in

securities on behalf of company/firm/others and their specimen signatures.

( 8 )

POLICIES AND PROCEDURES MANDATORY 1. Refusal of orders for penny stocks: The client is aware & agrees that the stock broker may refuse/restrict a client in placing order in certain securities depending on various conditions like volume/value/part of illiquid scrips/Z group of securities, although a client may have credit balance or sufficient margin in the trading account. List of such scrips will be reviewed on a periodical basis. The client agrees that the losses, if any on account of such refusal or due to delay caused by such limits, shall be borne exclusively by the client alone. Stock broker under exceptional circumstances may execute cliental order. The stock broker has the discretion to reject execution of such orders based on its risk-perception. 2. Setting up Client’s exposure limits: The client agrees to abide by the exposure limits, if any, set up by the stock broker/ exchange/clearing corporation/SEBI from time to time. Client agrees that said limit parameters is a dynamic process that is allowed at the discretion of the stock broker based on the market conditions & their risk perception about the market. The stock broker at its sole discretion can give extra exposure or intraday limit to the client, such extra exposure will automatically be squared off by trading mechanism without any further reference to the client approx. 15 minutes before the scheduled closing. 3. Applicable Brokerage Rate: The stock broker is eligible to charge brokerage with respect to transactions effected by it in various segments & shall be as prescribed by the Exchange bye-laws. The stock broker may charge different Brokerage for Deliverable & Intraday transactions. Other levies, charges, service tax etc. will be charged on brokerage as per rules prescribed by Govt/Regulatory Agencies. Brokerage shall be exclusive of statutory levies/bank charges/penalties/DP charges/turnover/courier/ account opening charges. (a) Brokerage on options contracts shall not exceed 2.5% of the premium amount or Rs.100 (per lot) whichever is higher. Brokerage shall be charged on the premium amount & not on the strike price of the option contract. (b) The maximum brokerage in dealings on capital market segment of the Exchange shall be 2.5% of contract price exclusive of statutory levies. 4. Imposition of penalty/delayed payment charges: The client is required to pay all amounts due to the stock broker on its due date, failing which the stock broker shall charge delayed payment charges up to the rate of 2% per month on the daily outstanding value. The amount due to broker shall include all types of Margin & Pay-in obligation or on account of any other reason. All fines/penalties/charges for any orders/trades levied upon the client due to its acts/deeds or transactions, or which are contrary to this agreement/rules/ regulation of the Exchange, such will be recovered by the stock broker directly from the client’s account. Further, under instances where the stock broker has been penalized from any authority on account of/as a consequence of orders/trades of the client, the same shall be borne by the client. 5. The right to sell client’s securities or close client’s positions, without giving notice to the client, on account of non-payment of client’s dues: The client shall provide timely funds/securities for purchase/sale of securities to the stock broker for meeting his obligation to the Exchange. In case of client falling short of providing fund/securities, the stock broker has right to close the positions & to sell client’s securities/close client’s position with/without giving prior notice to client on account of non-payment of dues to the extent to Ledger debit &/or to extent of Margin obligation. Broker can liquidate securities bought/collaterals/any other securities given in any other form for clearing client’s obligation. 6. Shortages in obligation arising out of internal netting of trades: The client agrees to the laid down policy & procedure followed for handling shortages arising out of internal netting of trades, as mentioned herein: Close out price will be the Highest Weighted Average price for any day recorded in the scrip from the trading day on which the transaction took place up to the day of auction or the closing price on the day of auction. To summarize, the buyer will get credit as given below: Highest Weighted Average price (T to T+2) or closing price on T+2 (whichever is higher), +2% (for NIFTY INDEX SCRIPS) Highest Weighted Average price (T to T+2) or closing price on T+2 (whichever is higher), +5% (for OTHER SCRIPS) The seller will be debited by the same amount +0.50%penalty (Above defined parameters are subject to change from time to time) 7. Conditions under which a client may not be allowed to take further position or the broker may close the existing position of a client: In case overall position in a scrip/derivatives contract has reached the Regulators prescribed Exchange limit/ Market Wide Open Interest limit, then client may not be allowed to take further position, till such time Regulator prescribed limits comes down to create a new position. Further, the stock broker may close the existing position of a client to the extent of Debit balances to release Margin from the Exchange. In case the stock broker has sufficient Margin cover on behalf of its client, it may still decide based on market conditions & risk perception not to allow further position or may close the existing position of client. 8. Temporary Suspension/Closure of Accounts: (a) The client may request the stock broker for temporary suspension/closure of his trading account by sending a written request to Branch. This request will be in turn sent by Branch to Head Office for further processing where after verification of the client details, the trading account of the client will be suspended. (b) The client would be required to clear all his dues/settlement of obligations before his account is temporarily suspended. The client may also be required to fulfill other conditions, on a case to case basis. (c) The stock broker can withhold the payouts of client & suspend/close his trading account due to any internal/regulatory action. (d) Upon Suspension/closure of trading account, intimation will be sent to the client within 15 days of suspension. 9. Deregistering a client: In addition to what client has agreed in the agreement, stock broker may terminate a client with immediate effect, but not limited to the following reasons: (a) If the client is debarred by SEBI or any other regulatory authority. (b) As a part of surveillance measure, if a client appears to be indulging in manipulative practices. (c) Under the circumstances when there is a reasonable ground to believe that the client is unable to clear its dues or has admitted its inability to pay its debt. (d) If the client violated any of the terms of the agreement.

Client Signature

( 9 )

TARRIF

SHEET

Client

Signature

Applicable

Brokerage

Rate

:

Maheshwari

Technical

&

Financial

Services

Ltd.

Delivery

Trans.(%)

Mini.(Rs.)

Intraday

(CM)

Trans.

(

%

)

Fixed

Min.

Futures

Tran.

Fix.

%

Min.Rs.

Options

contracts

Fix.

%

Min.

Rs.

Currency

Futures

Options

Fix.

Min.

Fix.

Min.

%

Rs.

%

Rs.

Delayed

Payment

charges(%)

pa

NSE/BSE NSE/BSENSE/BSE

NSE/BSENSE/BSE NSE/BSE

MANDATORY

For Maheshwari Techincial & Financial Services Ltd.

As per exchange notification, we hereby inform you that, we do trading on behalf of client and on our own

To,

( DISCLOSURE TO CLIENTS )

................................................................

................................................................

................................................................

( Fill Client Name & Address )

Sir,

account also.

Thanks and best regards

( Authorized Signatory )I acknow receipt of your information that you do client based trading and Pro account trading.

( Client Signature )

VOLUNTARY

( 10 )

Client Signature

AUTHORITY TO RETAIN FUNDS/SECURITIES AS RUNNING ACCOUNT VOLUNTARY To, Maheshwari Technical & Financial Services Ltd., Date: ……………………………….. 41, Rani Jhansi Road, IInd Floor, Jhandewalan, New Delhi -110055. Sub: Letter of Authority – NSE/BSE/MCX-SX/USE (All Segments) Sir, I/we are registered with you as a client for execution of trades from time to time in cash/capital &/or F&O segment of Bombay Stock Exchange Of India Ltd.(BSE) &/or National Stock Exchange Of India Ltd.(NSE) &/or MCX Stock Exchange Ltd.(MCX-SX), &/or United Stock Exchange(USE), (hereinafter called as “the Stock Exchange”). For the purpose of operational convenience, I/we hereby give my/our consent to maintain my/our account both for the funds and securities, on running account basis. I/we understand that consequent to your execution of my/our secondary market trades, I/we have either to pay/receive funds &/or securities depending upon my/our securities transactions. In the event I/we have to receive funds/securities from you on declaration of pay-out of funds or securities by the Stock Exchanges, I/we hereby authorize you to retain the funds &/or securities, as the case may be, with you as margin towards my/our ongoing secondary market transactions from time to time in Cash/Capital market &/or F&O segments of any of the Stock Exchanges. Further, I/we authorize you to deposit any and all the securities kept as collateral by me/us, from time to time, with different trading segments of the same Stock Exchange or of different Stock Exchanges towards margin. Kindly further note that though I/we am/are entitled to revoke this authorization at any time, however such termination shall be subject to the date of physical delivery of revocation letter at your registered office to enable you to make necessary changes to handle my/our account without running account authorization. I/we authorize you to actually settle my account with you once in a calendar month/once in a calendar quarter.

Thanking You, Yours Sincerely,

AUTHORIZATION FOR ELECTRONIC CONTRACT NOTES VOLUNTARY To, Maheshwari Technical & Financial Services Ltd., 41, Rani Jhansi Road, IInd Floor, Jhandewalan, New Delhi -110055. Sir, I/We shall be dealing through you as my/our broker on the Capital Market &/or Futures & Options Segments/Currency derivatives Segment. As my/our broker i.e. agent I/We direct and authorize you to carry out trading/dealings on my/our behalf as per instructions given below. I/We understand that, I/We have the option to receive the contract notes in electronic form. I/We understand that for the above purpose, you are required to take from the client, “an appropriate E-mail account” for you to send the electronic contract notes. Accordingly, please take the following E-mail ID on your record for sending the contract notes to me/us: ………………………………………………………….… I/We agree not to hold you responsible for late/non-receipt of contract notes sent in electronic form and any other communication for any reason including but not limited to failure of E-mail servers, loss of connectivity, E-mail in transit etc. I/We agree, that the log reports of your dispatching software shall be a conclusive proof of dispatch of contract notes to me/us and such dispatch shall be deemed to mean receipt by me/us and shall not be disputed by me/us on account of non-receipt/delayed receipt for any reason whatsoever. I/We agree that you shall not take cognizance of out of office/out of station auto replies and I/We shall be deemed to have received such electronic mails. I/We also agree that non-receipt of bounced mail notification by you shall amount to delivery at my/our E-mail ID. I/We understand that I/We am/are required to intimate any change in the E-mail ID mentioned herein above needs to be communicated by me/us through a physical letter to you., however if I/We am/are an internet client then in that event the request for change in E-mail ID can be made by me/us through a secured access provided by the stock broker using client specific user ID and password. I/We shall be liable for all losses, damages and actions which may arise as a consequence of your adhering to and carrying out my/our directions given above.

Thanking you, Yours faithfully,

Client Signature

( 11 )

VERBAL

ORDER

ACCEPTANCE

AUTHORIZATION

To,

Maheshwari

Technical

&

Financial

Services

Ltd.,

41,

Rani

Jhansi

Road,

IInd

Floor,

Jhandewalan,

New

Delhi

-110055.

I

have

been/shall

be

dealing

through

you

as

my

broker

on

the

Capital

Market

&/or

Futures

and

Options/Currency

Derivatives

Segments.

As

my

broker,

i.e.

agent,

I

direct

&

authorize

you

to

carry

out

trading/dealings

on

my

behalf

as

per

instructions

given

below.

I

agree

&

acknowledge

that

it

is

advised

by

you

that

I

should

give

instructions

for

order

placement/modification

&

cancellation

in

writing

to

avoid

disputes.

However,

as

I

shall

be

dealing

by

ordering

over

phone

&

even

if

I

visit

the

branch,

the

fluctuations

in

market

are

so

rapid

that

it

is

not

practical

to

give

written

instructions

for

order

placement/modification

&

cancellation.

I

hereby

authorize

you

to

accept

my/my

authorized

representative’s

verbal

instructions

for

order

placement/modification

&

cancellation

in

person

or

over

phone

(fixed

line

or

mobile

phone)

&

execute

the

same.

I

understand

the

risk

associated

with

verbal

orders

&

accept

the

same,

&

agree

that

I

shall

not

be

entitled

to

disown

orders

&

consequent

trades

(

if

any)

by

shifting

the

burden

of

proof

by

asking

you

to

prove

the

placement

of

orders

through

telephone

recording

or

otherwise.

I

shall

be

liable

for

all

losses,

damages

&

actions

which

may

arise

as

a

consequence

of

your

adhering

to

&

carrying

out

my

directions

given

above.

Thanking

you,

Yours

faithfully,

Signature

Name:

…………………………………………………..

Date:

……………………………………………………

VOLUNTARY

Client Signature

Email: mtfsl@vsnl.com 110055,Registered office : 41, IInd Floor, Rani Jhansi Road, Jha

Maheshwari Technical & Financial Services Ltd.ndewalan, New Delhi –

Ph: 011-47133100 (24Lines), Fax: 011-23621754,

ACKNOWLEDGEMENT

My E-mail Id ..............................................................................................................................

Trading Code ................Exch .................Segment .............. UCI/UCC Date ..........................

as under :

are ture and correct. I/ We acknowledge that the other details related to my/our account are

by me /us executed by me/us. Further I/We confirmed that the documents for Kyc submitted

and all other documents as

I/We hereby acknowledge the receipt of duly executed copy of KYC account opening form,

Right & obligations, RDD, Guidance note, Policies & Procedure

VOLUNTARY

( 12 )

( Client Signature )

DECLARATION BY KARTA & ALL COPARCENERS

Maheshwari Technical & Financial Services Ltd 41 Rani Jhansi Road IInd Floor Jhandewalan, New Delhi -110055 Dear Sir, We, all the coparceners (members) detailed below of the Hindu Undivided Family having PAN No. _________ do hereby authorize Karta of the family Mr. ________________ to open/operate in the name of this HUF a dealing/trading account on Capital market segment, Currency Derivatives segment, Futures & Options segment or any other segment that may be introduced by NSE/BSE/MCX-SX/USE/NCDEX/MCX in future and inter-alia to open and/or operate accounts with you for & on behalf of this HUF and we state that dealings/orders/trades/transactions that are executed by the Karta and all his orders/deals shall be binding on the HUF & all its members jointly as well as severally. The said Trading Member is hereby authorized to honor all instructions oral or written, given by him on behalf of the HUF. We are, however jointly & severally responsible for all liabilities of the said HUF firm, and its dues shall be recoverable from the assets of any one or all of us and also from the estate of the said joint family including the interest thereon of every coparcener of the said joint family, including the share of minor coparceners, if any. We shall, however, continue to be liable jointly & severally to the member for all dues obligations of the said HUF firm in the Member's book on the date of the receipt of such notice by the member and until all such dues and obligations shall have been liquidated and discharged. In the eventuality of change of Karta or, we shall inform you in writing. The Specimen Signature of the Karta with HUF stamp is given below:

Thanking you, Yours faithfully, List of Family Members (Mandatory) S. No. Name of the Member Relationship with

Karta Date of Birth

Signature

( 13 )

( 1 )

4

n all its dealings withoperate with the stock brokerbroker shall provide necessary assistance & coThe sub

RIGHTS AND OBLIGATIONS OF STOCK BROKERS, SUB-BROKERS AND CLIENTS

as prescribed by SEBI and Stock Exchanges

1.

The client shall invest/trade

in those securities/contracts/other instruments admitted to dealings on the Exchanges

as defined in the

Rules, Byelaws and Regulations of

Exchanges/

Securities and Exchange Board of India

(SEBI)

and circulars/notices issued there

under

from time to time.

2.

The stock broker, sub-broker

and the client shall be bound by all the Rules, Byelaws and Regulations of

the Exchange and circulars/notices issued there

under and Rules and Regulations of SEBI and relevant notifications of Government authorities as may be in force from time to time.

3.

The client shall satisfy

itself of the capacity of the stock broker to deal in

securities and/or deal in derivatives contracts and wishes to execute its orders

through the stock broker and the client shall from time to time continue to satisfy

itself of such capability of the stock broker before executing orders through the

stock broker.

4.

The stock broker shall continuously satisfy itself about

the genuineness and financial soundness of the client and investment objectives

relevant to the services to be provided.

5.

The stock broker shall take steps to make the client

aware of the precise nature of the Stock broker’s liability for business to be

conducted, including any limitations, the liability and the capacity in which the stock

broker acts.

6.

- -

i client(s).

CLIENT INFORMATION

7.

The client shall furnish all such details in full as are required by the stock broker in "Account Opening Form”

with supporting details,

made mandatory by stock exchanges/SEBI from time to

time.

8.

The client shall familiarize

himself with all the mandatory provisions

in the Account Opening documents.

Any additional clauses or documents specified by the stock broker shall be non-mandatory, as per terms & conditions accepted by the client.

9.

The client shall immediately notify the stock broker in writing if there is any change in the information in the ‘account opening

form’ as provided at the time of account opening and thereafter;

including the information on winding up petition/insolvency petition or any litigation which may have material bearing on his capacity.

The client shall provide/update the financial information to the stock broker on a periodic basis.

10.

The stock broker

and sub-broker shall maintain all the details of the client as mentioned in the account opening

form or any other information pertaining to the client,

confidentially

and that they shall not disclose the same to any person/authority except as required under any law/regulatory requirements.

Provided however that the stock broker

may so disclose information about his client to any person or authority with the express permission of the client.

MARGINS

11.

The client shall pay applicable initial margins, withholding margins, special margins or such other margins as are considered necessary by the stock broker or the Exchange or as may be directed by SEBI from time to time as applicable to the segment(s) in which the client trades. The stock broker is permitted in its sole and absolute discretion to collect additional margins (even though not required by the Exchange, Clearing House/Clearing Corporation or SEBI) and the client shall be obliged to pay such margins within the stipulated time.

12. The client understands that payment of margins by the client does not necessarily imply complete satisfaction of all dues. In spite of consistently having paid margins, the client may, on the settlement of its trade, be obliged to pay (or entitled to receive) such further sums as the contract may dictate/require.

TRANSACTIONS AND SETTLEMENTS

13. The client shall give any order for buy or sell of a security/derivatives contract in writing or in such form or manner, as may be mutually agreed between the client and the stock broker. The stock broker shall ensure to place orders and execute the trades of the client, only in the Unique Client Code assigned to that client.

14. The stock broker shall inform the client and keep him apprised about trading/settlement cycles, delivery/payment schedules, any changes therein from time to time, and it shall be the responsibility in turn of the client to comply with such schedules/procedures of the relevant stock exchange where the trade is executed.

15. The stock broker shall ensure that the money/securities deposited by the client shall be kept in a separate account, distinct from his/its own account or account of any other client and shall not be used by the stock broker for himself/itself or for any other client or for any purpose other than the purposes mentioned in Rules, Regulations,circulars , notices , guidelines of SEBI and/or Rules , Regulations , Bye-laws, circulars and notices of Exchange.

16. Where the Exchange(s) cancels trade(s) suo moto all such trades including the trade/s done on behalf of the client shall ipso facto stand cancelled, stock broker shall be entitled to cancel the respective contract(s) with client(s).

17. The transactions executed on the Exchange are subject to Rules, Byelaws and Regulations and circulars/notices issued thereunder of the Exchanges where the trade is executed and all parties to such trade shall have submitted to the jurisdiction of such court as may be specified by the Byelaws and Regulations of the Exchanges where the trade is executed for the purpose of giving effect to the provisions of the Rules, Byelaws and Regulations of the Exchanges and the circulars/notices issued thereunder.

Annexure - MANDATORY

( 2 )

that transfer of funds/securities in favor of a Nomineesuccessors, heirs &

BROKERAGE

18.

The Client shall pay to the stock broker brokerage and statutory levies as are prevailing from time to time and as they apply to the Client’s account, transactions and to the services that stock broker renders to the Client. The stock broker shall not charge brokerage more than the maximum brokerage permissible as per

the rules, regulations and bye-laws of the relevant stock exchanges and/or

rules

and regulations of SEBI.

LIQUIDATION AND CLOSE OUT OF POSITION

19.

Without prejudice to the stock broker's other rights (including the right to refer a matter to arbitration), the client understands that the stock broker shall be entitled to liquidate/close out all or any of the client's positions for non-payment of margins or other amounts, outstanding debts, etc. and adjust the proceeds of such liquidation/close out, if any, against the client's liabilities/obligations. Any and all losses and financial charges on account of such liquidation/closing-out shall be charged to and borne by the client.

20.

In the event of death or insolvency of

the client or his/its otherwise becoming incapable of receiving and paying for or delivering or transferring securities which the client has ordered to be bought or sold, stock broker may close out the transaction of the client and claim losses, if any, against the estate of the client. The client or his nominees,

assignee

shall be entitled to any

surplus which may result there from.

The client shall note

shall be valid discharge by the stock broker

against the legal heir.

21.

The stock broker shall bring

to the notice of the relevant Exchange the information about default in payment/delivery and related aspects by a client.

In case where defaulting client is a corporate

entity/partnership/proprietary firm or any other artificial legal entity, then the name(s) of Director(s)/Promoter(s)/Partner(s)/Proprietor as the case may be, shall also be communicated by the stock broker to the relevant Exchange(s) .

DISPUTE RESOLUTION

22. The stock broker shall provide the client with the relevant contact details of the concerned Exchanges and SEBI.23. The stock broker shall co-operate in redressing grievances of the client in respect of all transactions routed through

it and in removing objections for bad delivery of shares, rectification of bad delivery, etc.

24. The client and the stock broker shall refer any claims and/or disputes with respect to deposits, margin money, etc., to arbitration as per the Rules, Byelaws and Regulations of the Exchanges where the trade is executed and circulars/notices issued thereunder as may be in force from time to time.

25. The stock broker shall ensure faster settlement of any arbitration proceedings arising out of the transactions entered into between him vis-à-vis the client and he shall be liable to implement the arbitration awards made in such proceedings.

26. The client/stock-broker understands that the instructions issued by an authorized representative for dispute

resolution, if any, of the client/stock-broker shall be binding on the client/stock-broker in accordance with the letter

authorizing the said representative to deal on behalf of the said client/stock-broker.

TERMINATION OF RELATIONSHIP

27. This relationship between the stock broker and the client shall be terminated; if the stock broker for any reason ceases to be a member of the stock exchange including cessation of membership by reason of the stock broker's default, death, resignation or expulsion or if the certificate is cancelled by the Board.

28. The stock broker, sub-broker and the client shall be entitled to terminate the relationship between them without giving any reasons to the other party, after giving notice in writing of not less than one month to the other parties. Notwithstanding any such termination, all rights, liabilities and obligations of the parties arising out of or in respect of transactions entered into prior to the termination of this relationship shall continue to subsist and vest in/be binding on the respective parties or his/its respective heirs, executors, administrators, legal representatives or successors, as the case may be.

29. In the event of demise/insolvency of the sub-broker or the cancellation of his/its registration with the Board or/withdrawal of recognition of the sub-broker by the stock exchange and/or termination of the agreement with the sub broker by the stock broker, for any reason whatsoever, the client shall be informed of such termination and the client shall be deemed to be the direct client of the stock broker and all clauses in the ‘Rights and Obligations’ document(s) governing the stock broker, sub-broker and client shall continue to be in force as it is, unless the client intimates to the stock broker his/its intention to terminate their relationship by giving a notice in writing of not less than one month.

ADDITIONAL RIGHTS AND OBLIGATIONS30. The stock broker shall ensure due protection to the client regarding client’s rights to dividends, rights or bonus

shares, etc. in respect of transactions routed through it and it shall not do anything which is likely to harm the interest of the client with whom and for whom they may have had transactions in securities.

31. The stock broker and client shall reconcile and settle their accounts from time to time as per the Rules, Regulations, Bye Laws, Circulars, Notices and Guidelines issued by SEBI and the relevant Exchanges where the trade is executed.

( 3 )

32. The stock broker shall issue a contract note to his constituents for trades executed in such format as may be prescribed by the Exchange from time to time containing records of all transactions including details of order number, trade number, trade time, trade price, trade quantity, details of the derivatives contract, client code, brokerage, all charges levied etc. and with all other relevant details as required therein to be filled in and issued in such manner and within such time as prescribed by the Exchange. The stock broker shall send contract notes to the investors within one working day of the execution of the trades in hard copy and/or in electronic form using digital signature.

33. The stock broker shall make pay out of funds or delivery of securities, as the case may be, to the Client within oneworking day of receipt of the payout from the relevant Exchange where the trade is executed unless otherwise specified by the client and subject to such terms and conditions as may be prescribed by the relevant Exchange from time to time where the trade is executed.

34. The stock broker shall send a complete `Statement of Accounts’ for both funds and securities in respect of each of its clients in such periodicity and format within such time, as may be prescribed by the relevant Exchange, from time to time, where the trade is executed. The Statement shall also state that the client shall report errors, if any, in the Statement within such time as may be prescribed by the relevant Exchange from time to time where the trade was executed, from the receipt thereof to the Stock broker.

35. The stock broker shall send daily margin statements to the clients. Daily Margin statement should include, inter-alia, details of collateral deposited, collateral utilized and collateral status (available balance/due from client) with break up in terms of cash, Fixed Deposit Receipts (FDRs), Bank Guarantee and securities.

36. The Client shall ensure that it has the required legal capacity to, and is authorized to, enter into the relationship with stock broker and is capable of performing his obligations and undertakings hereunder. All actions required to be taken to ensure compliance of all the transactions, which the Client may enter into shall be completed by the Client prior to such transaction being entered into.

ELECTRONIC CONTRACT NOTES (ECN)

37. In case, client opts to receive the contract note in electronic form, he shall provide an appropriate e-mail id to the stock broker. The client shall communicate to the stock broker any change in the email-id through a physical letter. If the client has opted for internet trading, the request for change of email id may be made through the secured access by way of client specific user id and password.

38. The stock broker shall ensure that all ECNs sent through the e-mail shall be digitally signed, encrypted, non-tamper able and in compliance with the provisions of the IT Act, 2000. In case, ECN is sent through e-mail as an attachment, the attached file shall also be secured with the digital signature, encrypted and non-tamperable.

39. The client shall note that non-receipt of bounced mail notification by the stock broker shall amount to delivery of the contract note at the e-mail ID of the client.

40. The stock broker shall retain ECN and acknowledgement of the e-mail in a soft and non-tamperable form in the manner prescribed by the exchange in compliance with the provisions of the IT Act, 2000 and as per the extant rules/regulations/circulars/guidelines issued by SEBI/Stock Exchanges from time to time. The proof of delivery i.e., log report generated by the system at the time of sending the contract notes shall be maintained by the stock broker for the specified period under the extant regulations of SEBI/stock exchanges. The log report shall provide the details of the contract notes that are not delivered to the client/e-mails rejected or bounced back. The stock broker shall take all possible steps to ensure receipt of notification of bounced mails by him at all times within the stipulated time period under the extant regulations of SEBI/stock exchanges.

41. The stock broker shall continue to send contract notes in the physical mode to such clients who do not opt to receive the contract notes in the electronic form. Wherever the ECNs have not been delivered to the client or has been rejected (bouncing of mails) by the e-mail ID of the client, the stock broker shall send a physical contract note to the client within the stipulated time under the extant regulations of SEBI/stock exchanges and maintain the proof of delivery of such physical contract notes.

42. In addition to the e-mail communication of the ECNs to the client, the stock broker shall simultaneously publish the ECN on his designated web-site, if any, in a secured way and enable relevant access to the clients and for this purpose, shall allot a unique user name and password to the client, with an option to the client to save the contract note electronically and/or take a print out of the same.

LAW AND JURISDICTION

43. In addition to the specific rights set out in this document, the stock broker, sub-broker and the client shall be entitled to exercise any other rights which the stock broker or the client may have under the Rules, Bye-laws and Regulations of the Exchanges in which the client chooses to trade and circulars/notices issued thereunder or Rules and Regulations of SEBI.

44. The provisions of this document shall always be subject to Government notifications, any rules, regulations, guidelines and circulars/notices issued by SEBI and Rules, Regulations and Bye laws of the relevant stock exchanges, where the trade is executed, that may be in force from time to time.

( 4 )

securities trading using wireless technology as may be specified by SEBI & the Excinternet Protocol (IP). The stock broker shall comply with all requirements appli trading/cable to internet based technology that shall include the use of devices such as mobile phone, laptop with data card, etc. which use

45. The stock broker and the client shall abide by any award passed by the Arbitrator(s) under the Arbitration and Conciliation Act, 1996. However, there is also a provision of appeal within the stock exchanges, if either party is not satisfied with the arbitration award.

46. Words and expressions which are used in this document but which are not defined herein shall, unless the context otherwise requires, have the same meaning as assigned thereto in the Rules, Byelaws and Regulations and circulars/notices issued thereunder of the Exchanges/SEBI.

47. All additional voluntary clauses/document added by the stock broker should not be in contravention with rules/regulations/notices/circulars of Exchanges/SEBI. Any changes in such voluntary clauses/document(s) need to be preceded by a notice of 15 days. Any changes in the rights and obligations which are specified by Exchanges/SEBI shall also be brought to the notice of the clients.

48. If the rights and obligations of the parties hereto are altered by virtue of change in Rules and regulations of SEBI or Bye-laws, Rules and Regulations of the relevant stock Exchanges where the trade is executed, such changes shall be deemed to have been incorporated herein in modification of the rights and obligations of the parties mentioned in this document.

INTERNET & WIRELESS TECHNOLOGY BASED TRADING FACILITY PROVIDED BY STOCK BROKERS TO CLIENT(All the clauses mentioned in the ‘Rights and Obligations’ document(s) shall be applicable. Additionally, the clauses mentioned herein shall also be applicable.)

1. Stock broker is eligible for providing Internet based trading (IBT) and securities trading through the use of wireless

hanges from time to 2. The client is desirous of investing/trading in securities and for this purpose, the client is desirous of using either the

internet based trading facility or the facility for securities trading through use of wireless technology. The Stock broker shall provide the Stock broker’s IBT Service to the Client, and the Client shall avail of the Stock broker’s IBT Service, on and subject to SEBI/Exchanges Provisions and the terms and conditions specified on the Stock broker’s IBT Web Site provided that they are in line with the norms prescribed by Exchanges/SEBI.

3. The stock broker shall bring to the notice of client the features, risks, responsibilities, obligations and liabilities associated with securities trading through wireless technology/internet/smart order routing or any other technology should be brought to the notice of the client by the stock broker. The stock broker shall make the client aware that the Stock Broker’s IBT system itself generates the initial

time.

5. The Client shall be responsible for keeping the Username and Password confidential and secure and shall be solely responsible for all orders entered and transactions done by any person whosoever through the Stock broker’s IBT System using the Client’s Username and/or Password whether or not such person was authorized to do so. Also the client is aware that authentication technologies and strict security measures are required for the internet trading/securities trading through wireless technology through order routed system and undertakes to ensure that the password of the client and/or his authorized representative are not revealed to any third party including employees and dealers of the stock broker

6. The Client shall immediately notify the Stock broker in writing if he forgets his password, discovers security flaw in Stock Broker’s IBT System, discovers/suspects discrepancies/ unauthorized access through his username/password/account with full details of such unauthorized use, the date, the manner and the transactions effected pursuant to such unauthorized use, etc.

7. The Client is fully aware of and understands the risks associated with availing of a service for routing orders over the internet/securities trading through wireless technology and Client shall be fully liable and responsible for any and all acts done in the Client’s Username/password in any manner whatsoever.

8. The stock broker shall send the order/trade confirmation through email to the client at his request. The client is aware that the order/ trade confirmation is also provided on the web portal. In case client is trading using wireless technology, the stock broker shall send the order/trade confirmation on the device of the client.

9. The client is aware that trading over the internet involves many uncertain factors and complex hardware, software, systems, communication lines, peripherals, etc. are susceptible to interruptions and dislocations. The Stock brokerand the Exchange do not make any representation or warranty that the Stock broker’s IBT Service will be available to the Client at all times without any interruption.

10. The Client shall not have any claim against the Exchange or the Stock broker on account of any suspension, interruption, non availability or malfunctioning of the Stock broker’s IBT System or Service or the Exchange’s service or systems or non execution of his orders due to any link/system failure at the Client/Stock brokers/Exchange end for any reason beyond the control of the stock broker/Exchanges.

4.password and its password policy as stipulated in line with norms prescribed by Exchanges/SEBI.- -

Client Signature

( 5 )

Annexure –

5

RISK DISCLOSURE DOCUMENT FOR CAPITAL MARKET AND DERIVATIVES SEGMENTS

This document contains important information on trading in Equities/Derivatives Segments of the stock exchanges. All prospective constituents should read this document before trading in Equities/Derivatives Segments of the Exchanges.

Stock exchanges/SEBI does neither singly or jointly and expressly nor impliedly guarantee nor make any representation concerning the completeness, the adequacy or accuracy of this disclosure document nor have

Stock exchanges /SEBI endorsed or passed any merits of participating in the trading segments. This brief statement does not disclose all the risks and other significant aspects of trading.

In the light of the risks involved, you should undertake transactions only if you understand the nature of the relationship into which you are entering and the extent of your exposure to risk.

You must know and appreciate that trading in Equity shares, derivatives contracts or other instruments traded on the Stock Exchange, which have varying element of risk, is generally not an appropriate avenue for someone of limited resources/limited investment and/or trading experience and low risk tolerance. You should therefore carefully consider whether such trading is suitable for you in the light of your financial condition. In case you trade on Stock exchanges and suffer adverse consequences or loss, you shall be solely

responsible for

the same and Stock exchanges/its Clearing Corporation and/or SEBI shall not be responsible, in any manner whatsoever, for the same and it will not be open for you to take a plea that no adequate disclosure regarding the risks involved was made or that you were not explained the full risk involved by the concerned stock broker. The

constituent shall be solely responsible for the consequences and no contract can be rescinded on that account. You must acknowledge and accept that there can be no guarantee of profits or no exception from losses while executing orders for purchase and/or

sale of a derivative contract being traded on Stock exchanges.

It must be clearly understood by you that your dealings on Stock exchanges through a stock broker

shall be subject to your fulfilling certain formalities set out by the stock broker, which may inter alia include your filling the know your client form, reading the rights and obligations, do’s and don’ts,

etc., and are subject to the Rules, Byelaws and Regulations of relevant Stock exchanges,

its Clearing Corporation, guidelines prescribed by SEBI and in force from time to time and Circulars as may be issued by Stock exchanges or its Clearing Corporation and in force from time to time.

Stock exchanges

does not provide or purport to provide any advice and shall not be liable to any person who enters into any business relationship with any stock broker

of Stock exchanges

and/or any third party based on any information contained in this document. Any information contained in this document must not be construed as business advice. No consideration to

trade should be made without thoroughly understanding and reviewing the risks involved in such trading. If you are unsure, you must seek professional advice on the same.

In considering whether to trade or authorize someone to trade for you, you should be

aware of or must get acquainted with the following:-

1.

BASIC RISKS :

1.1 Risk of Higher Volatility:

Volatility refers to the dynamic changes in price that a security/derivatives contract undergoes when trading activity continues on the Stock Exchanges.

Generally, higher the volatility of a security/derivatives contract, greater is its price swings. There may be normally greater volatility in thinly traded securities /

derivatives contracts than in active securities /derivatives contracts. As a result of

volatility, your order may only be partially executed or not executed at all, or the price at which your order got executed may be substantially different from the last traded price or change substantially thereafter, resulting in

notional or real losses.

1.2 Risk of Lower Liquidity:

Liquidity refers to the ability of market participants to buy and/or sell securities / derivatives contracts expeditiously at a competitive price and with minimal price difference. Generally, it is assumed that more the numbers of orders available in a market, greater is the liquidity. Liquidity is important because with greater liquidity, it is easier for investors to buy and/or sell securities / derivatives contracts swiftly and with minimal price difference, and as a result, investors are more likely to pay or receive a competitive price for securities / derivatives contracts purchased or sold. There may be a risk of lower liquidity in some securities / derivatives contracts as compared to active securities / derivatives contracts. As a result, your order may only be partially executed, or may be executed with relatively greater price difference or may not be executed at all.

1.2.1 Buying or selling securities / derivatives contracts as part of a day trading strategy may also result into losses, because in such a situation, securities / derivatives contracts may have to be sold / purchased at low / high prices, compared to theexpected price levels, so as not to have any open position or obligation to deliver or receive a security / derivatives contract.

1.3 Risk of Wider Spreads:Spread refers to the difference in best buy price and best sell price. It represents the differential between the price of buying a security / derivatives contract and immediately selling it or vice versa. Lower liquidity and higher volatility may result in wider than normal spreads for less liquid or illiquid securities / derivatives contracts. This in turn will hamper better price formation.

MANDATORY

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1.4 Risk-reducing orders:

The placing of orders (e.g., "stop loss” orders, or "limit" orders) which are intended to limit losses to certain amounts may not be effective many a time because rapid movement in market conditions may make it impossible to execute such orders.

1.4.1 A "market" order will be executed

promptly, subject to availability of orders on opposite side, without regard to price and that, while the customer may receive a prompt execution of a "market" order, the execution may be at available prices of outstanding orders, which satisfy the order quantity, on price time priority. It may be understood that these prices may be significantly different from the last traded price or the best price in that security

/ derivatives contract.

1.4.2 A "limit" order will be executed only at the "limit" price specified for the order or a better price. However, while the customer receives price protection, there is a possibility that the order may not be executed at all.

1.4.3 A stop loss order is generally placed "away" from the current price of a stock / derivatives contract, and such order gets activated if and when the security / derivatives contract reaches, or trades through, the stop price. Sell stop orders are entered ordinarily below the current price, and buy stop orders are entered ordinarily above the current price. When the security / derivatives contract reaches the pre -determined price, or trades through such price, the stop loss order converts to a market/limit order and is executed at the limit or better. There is no assurance therefore that the

limit order will be executable since a security / derivatives contract might penetrate the pre-determined price, in which case, the risk of such order not getting executed arises, just as with a regular limit order.

1.5 Risk of News Announcements:

News announcements that may impact the price of stock / derivatives contract may occur during trading, and when combined with lower liquidity and higher volatility, may suddenly cause an unexpected positive or negative movement in the price of the security / contract.

1.6 Risk of Rumors:

Rumors

about companies / currencies at times float in the market through word of mouth, newspapers, websites or news agencies, etc. The investors should be wary of and should desist from acting on rumors.

1.7 System Risk:

High volume trading will frequently occur at the market opening and before market close. Such high volumes may also occur at any point in the day. These may cause delays in order execution or confirmation.

1.7.1 During periods of volatility, on account of market participants continuously modifying their order quantity or prices or placing fresh orders, there may be delays in order execution and its confirmations.

1.7.2 Under certain market conditions, it may be difficult or impossible to liquidate a position in the market at a reasonable price or at all, when there are no outstanding orders either on the buy side or the sell side, or if trading is halted in a security / derivatives contract due to any action on account of unusual trading activity or security / derivatives contract hitting circuit filters or for any other reason.

1.8 System/Network Congestion:Trading on exchanges is in electronic mode, based on satellite/leased line based communications, combination of technologies and computer systems to place and route orders. Thus, there exists a possibility of communication failure or system problems or slow or delayed response from system or trading halt, or any such other problem/glitch whereby not being able to establish access to the trading system/network, which may be beyond control and may result in delay in processing or not processing buy or sell orders either in part or in full. You are cautioned to note that although these problems may be temporary in nature, but when you have outstanding open positions or unexecuted orders, these represent a risk because of your obligations to settle all executed transactions.

2. As far as Derivatives segments are concerned, please note and get yourself acquainted with the following additional features:-

2.1 Effect of "Leverage" or "Gearing":In the derivatives market, the amount of margin is small relative to the value of the derivatives contract so the transactions are 'leveraged' or 'geared'. Derivatives trading, which is conducted with a relatively small amount of margin, provides the possibility of great profit or loss in comparison with the margin amount. But transactions in derivatives carry a high degree of risk.

You should therefore completely understand the following statements before actually trading in derivatives and also trade with caution while taking into account one's circumstances, financial resources, etc. If the prices move against you, you maylose a part of or whole margin amount in a relatively short period of time. Moreover, the loss may exceed the original margin amount.

A. Futures trading involve daily settlement of all positions. Every day the open positions are marked to market based on the closing level of the index / derivatives contract. If the contract has moved against you, you will be required to deposit the amount of loss (notional) resulting from such movement. This amount will have to be paid within a stipulated time frame, generally before commencement of trading on next day.

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B. If you fail to deposit the additional amount by the deadline or if an outstanding debt occurs in your account, the stock broker may liquidate

a part of or the whole position or substitute securities. In this case, you will be liable for any losses incurred due to such close-outs.

C. Under certain market conditions, an investor may find it difficult or impossible to execute transactions. For example, this situation can occur due to factors such as illiquidity i.e. when there are insufficient bids or offers or suspension of trading due to price limit or circuit breakers etc.

D. In order to maintain market stability, the following steps may be adopted: changes in the margin rate, increases in the cash margin rate or others. These new measures may also be applied to the existing open interests. In such conditions, you will be required to put up additional margins or reduce your positions.

E. You must ask your broker to provide the full details of derivatives contracts you plan to trade i.e. the contract specifications and the associated obligations.

2.2 Currency specific risks:

1. The profit or loss in transactions in foreign currency-denominated contracts, whether they are traded in your own or another jurisdiction, will be affected by fluctuations in currency rates where there is a need to

convert from the currency denomination of the contract to another currency.

2. Under certain market conditions, you may find it difficult or impossible to liquidate a position. This can occur, for example when a currency is deregulated or fixed trading bands are widened.

3. Currency prices are highly volatile. Price movements for currencies are influenced by, among other things: changing supply-demand relationships; trade, fiscal, monetary, exchange control programs and policies of governments; foreign political and economic events and policies; changes in national and international interest rates and inflation; currency devaluation; and sentiment of the market place. None of these factors can be controlled by any individual advisor and no assurance can be given that an advisor's advice will result in profitable trades for a participating customer or that a customer will not incur losses from such events.

2.3 Risk of Option holders:

1. An option holder runs the risk of losing the entire amount paid for the option in a relatively short period of time. This risk reflects the nature of an option as a wasting asset which becomes worthless when it expires. An option holder who neither sells his option in the secondary market nor exercises it prior to its expiration will necessarily lose his entire investment in the option. If the price of the underlying does not change in the anticipated direction before the option expires, to an extent sufficient to cover the cost of the option, the investor may lose all or a significant part of his investment in the option.

2. The Exchanges may impose exercise restrictions and have absolute authority to restrict the exercise of options at certain times in specified circumstances. 2.4 Risks of Option Writers:1. If the price movement of the underlying is not in the anticipated direction, the option writer runs the risks of losing substantial amount. 2. The risk of being an option writer may be reduced by the purchase of other options on the same underlying interest and thereby assuming a spread position or by acquiring other types of hedging positions in the options markets or other markets. However, even where the writer has assumed a spread or other hedging position, the risks may still be significant. A spread position is not necessarily less risky than a simple 'long' or 'short' position. 3. Transactions that involve buying and writing multiple options in combination, or buying or writing options in combination with buying or selling short the underlying interests, present additional risks to investors. Combination transactions, such as option spreads, are more complex than buying or writing a single option. And it should be further noted that, as in any area of investing, a complexity not well understood is, in itself, a risk factor. While this is not to suggest that combination strategies should not be considered, it is advisable, as is the case with all investments in options, to consult with someone who is experienced and knowledgeable with respect to the risks and potential rewards of combination transactions under various market circumstances.

3. TRADING THROUGH WIRELESS TECHNOLOGY/ SMART ORDER ROUTING OR ANY OTHER TECHNOLOGY:

Any additional provisions defining the features, risks, responsibilities, obligations and liabilities associated with securities trading through wireless technology/ smart order routing or any other technology should be brought to the notice of the client by the stock broker.

4. GENERAL4.1 The term ‘constituent’ shall mean and include a client, a customer or an investor, who deals with a stock broker for the purpose of acquiring and/or selling of securities / derivatives contracts through the mechanism provided by the Exchanges.

4.2 The term ‘stock broker’ shall mean and include a stock broker, a broker or a stock broker, who has been admitted as such by the Exchanges and who holds a registration certificate from SEBI.

Client Signature

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6

www.nseindia.com

ted,signed by you only and contains

scrip,quantity bank/de and from which bank/ demat securities with the stock broker, stating date,

broker.Don’t issue cheques in name of suby account payee cheque in favour of the stock broker. Make the payments b

GUIDANCE NOTE -

DO’s

AND DON’Ts

FOR TRADING ON THE EXCHANGE(S)

FOR INVESTORS

BEFORE YOU BEGIN TO TRADE

1.

Ensure that you deal with and through only SEBI registered intermediaries. You may check their SEBI registration certificate

number from the list available on the Stock exchanges

and SEBI website

www.sebi.gov.in.

2.

Ensure that you fill the KYC form completely

and strike off the blank fields in the KYC form.

3.

Ensure that you have read all the mandatory documents viz. Rights and Obligations, Risk Disclosure Document,

Policy and Procedure

document of the stock broker.

4.

Ensure to read, understand and then sign the voluntary clauses, if any,

agreed between you and the stock broker.

Note that the clauses as agreed between you and the stock broker

cannot be changed without your consent.

5.

Get a

clear idea about

all brokerage, commissions, fees and other charges levied by the broker on you for trading

and the relevant provisions/

guidelines specified by SEBI/Stock exchanges.

6.

Obtain a copy of all the documents executed by you

from the stock broker free of charge.

7.

In case you wish to execute Power of Attorney (POA) in favour of the Stock broker, authorizing it to operate your bank and demat account, please refer to the guidelines issued by SEBI/Exchanges in this regard.

TRANSACTIONS AND SETTLEMENTS

8.

The stock broker may issue electronic contract notes (ECN) if specifically authorized by you in writing. You should provide your email id to the stock broker for the same. Don’t opt for ECN

if you are not familiar with computers.

9.

Don’t share your internet trading account’s password

with anyone.

10.

Don’t make any payment in cash to the stock broker.

11.

-Ensure that you have a documentary proof of your payment/deposit of

, towards which mat account such money or securities deposited

12.

Note that facility of Trade Verification is available on stock exchanges’ websites, where details of trade as mentioned in the contract note may be verified. Where trade details on the website do not tally with the details mentioned in the contract note, immediately get in touch with the Investors Grievance Cell of the

relevant Stock exchange.

13.

In case you have given specific authorization

for maintaining running account, payout of funds or delivery of securities (as the case may be), may not be made to you within one working day from the receipt of payout from the Exchange. Thus,

the stock broker shall maintain running account for you subject to the following conditions:

a)

Such authorization from you shall be da the

clause that you may revoke the

at any time.

b)

The actual settlement of funds and securities shall be done by the stock broker, at least once in a calendar quarter or month, depending on your preference. While settling the account, the stock broker shall send to you a ‘statement of accounts’ containing an extract from the client ledger for funds and an extract from the register of securities displaying all the receipts/deliveries of funds and securities. The statement shall also

explain the retention of funds and securities and the details of the pledged shares, if any.

c)

On the date of settlement, the stock broker may retain the requisite securities/funds towards outstanding obligations and may also retain the funds expected to be required to meet derivatives margin obligations for next 5 trading days, calculated in the manner specified by the exchanges. In respect of cash market transactions, the stock broker may retain entire pay-in obligation of funds and securities due from clients as on date of settlement and for next day’s business, he may retain funds/securities/margin to the extent of value of transactions executed on the day of such

account.

settlement in the cash market.d) You need to bring any dispute arising from the statement of account or settlement so made to the notice of the stock

broker in writing preferably within 7 (seven) working days from the date of receipt of funds/securities or statement, as the case may be. In case of dispute, refer the matter in writing to the Investors Grievance Cell of the relevant Stock exchanges without delay.

14. In case you have not opted for maintaining running account and pay-out of funds/securities is not received on the next working day of the receipt of payout from the exchanges, please refer the matter to the stock broker. In case there is dispute, ensure that you lodge a complaint in writing immediately with the Investors Grievance Cell of the relevant Stock exchange.

15. Please register your mobile number and email id with the stock broker, to receive trade confirmation alerts/ details of the transactions through SMS or email, by the end of the trading day, from the stock exchanges.

IN CASE OF TERMINATION OF TRADING MEMBERSHIP16. In case, a stock broker surrenders his membership, is expelled from membership or declared a defaulter; Stock

exchanges gives a public notice inviting claims relating to only the "transactions executed on the trading system" of Stock exchange, from the investors. Ensure that you lodge a claim with the relevant Stock exchanges within the stipulated period and with the supporting documents.

17. Familiarize yourself with the protection accorded to the money and/or securities you may deposit with your stock broker, particularly in the event of a default or the stock broker’s insolvency or bankruptcy and the extent to which you may

recover such money and/or securities may be governed by the Bye-laws and Regulations of the relevant Stock exchange

where the trade was executed and the scheme of the Investors’ Protection Fund in force from time to time.

same

DISPUTES/ COMPLAINTS18. Please note that the details of the arbitration proceedings, penal action against the brokers and investor complaints

against the stock brokers are displayed on the website of the relevant Stock exchange.19. In case your issue/problem/grievance is not being sorted out by concerned stock broker/sub-broker then you may take up

the matter with the concerned Stock exchange. If you are not satisfied with the resolution of your complaint then you can escalate the matter to SEBI.

20. Note that all the stock broker/sub-brokers have been mandated by SEBI to designate an e-mail ID of the grievance redressal division/compliance officer exclusively for the purpose of registering complaints.

Annexure –

MANDATORY

Client Signature